GREY:DRGDF - Post by User
Comment by
Sharpie009on Aug 27, 2008 8:17pm
257 Views
Post# 15414967
RE: UPGRADE yesterday
RE: UPGRADE yesterday"Current gold price has nothing to do with long term or even mid term pog."
Are you nuts? If the price of gold drops to $500 today (50% drop) the likelihood of gold returning to $1,000 in the medium term or long term becomes remote. Current conditions although they may change certainly have an impact on future conditions. Why do you think UBS and most other analysts downgraded gold stocks this month by using a lower gold price in their models?